Large protests continue this weekend across the globe, this time they remained largely peaceful as well. OPEC meetings yesterday went as planned. Demand for oil spikes as major economies re open for business. Nasdaq reached an all-time high on Friday but failed to hold on to a record close. Here is what we are looking at going into the week.
Lululemon Athletica (LULU) – We all know and love Lululemon and it shows. $LULU is enjoying all-time highs as it seems to be completely unaffected by the recent COVID-19 slump. Because $LULU has it’s very own e-commerce platform it was able to divert sales seamlessly to a growing online community that of course craves this athleisure giants apparel. It will be in the spotlight this week with earnings coming Thursday.
China JO-JO Drugstores (CJJD) – An obscure Chinese drug store that made waves last week. I don’t have much intel on this stock other than knowing it has been trending up with some decent cash inflows the last two weeks. Let’s see if we can get a $LK like rise in this stock too as clearly investors are brave these days.
Boeing (BA) – Last week we were buying this up at anything under $200 and selling it like hotcakes on Friday. This week we look to do much of the same. If there is no bad news in the market as far as continuing to open up the economy goes, look for Boeing to touch $250 dollars quite easily this week.
Airline ETF (JETS) – Another post COVID-19 solution for you. The ETF for the airline industry. Not much needs to be said here. Check it’s holdings, buy at 20$ hold and profit. Any stumble in re-opening can curtail this ETF’s rise but not for long. Very bullish here.
Genius Brands (GNUS) – Pure volatility play. Don’t forget about It’s June 15th impending announcement. If volume sticks around this week will be fun!
United States Oil Fund (USO) – As the world gets back on it’s feet, back to work, and back to the skies we will need one thing in particular. Oil. With production cuts being agreed to over the weekend, we can look to a nice bounce in oil prices. I definitely see mid 30’s this week as prices like to quickly move up verses how it moves down. Get ready to pay more at the pumps this week.
Occidental Petroleum Corporation (OXY) – If you don’t like the idea of an oil ETF then here is a nice volatile stock to play with instead. Again general bias this week is to the upside here.
XpresSpa Group (XSPA) – Last week we saw 3$ highs in this diamond in the rough. Momentum will be strong with this one, especially with any new partnership announcements. Let’s ride the wave while we can!
AMC Entertainment Holdings (AMC) & GameStop (GME) – Both dying companies. They just haven’t innovated to stay ahead of the curb enough and quite frankly I don’t understand why they aren’t bankrupt yet. With that being said look for some volatility this week. Might get a great opportunity to get short!
